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During the mid-2000s, SUVs from luxury car brands grew by almost 40% in the United States to more than 430,000 vehicles (excluding SUV-only brands like Hummer and Land Rover), at a time when luxury car sales suffered a 1% decline, and non-luxury SUV sales were flat. By 2004, 30% of major luxury brands' U.S. sales were SUVs.
BMW, Mercedes-Benz, and Porsche have all reported slumping sales in the world's largest auto market. They face rising competition from Chinese carmakers offering cheaper high-tech premium vehicles.
Carquest was the official auto parts supplier of Hendrick Motorsports until the end of the 2011 season. Kellogg's and Carquest announced on May 26, 2006 a unique three-year agreement with Hendrick Motorsports that made the two companies co-primary sponsors of the No. 5 Chevrolets driven by Kyle Busch in the NASCAR Sprint Cup Series. [16]
Western Auto was purchased by Beneficial Corporation in 1961; Western Auto's management led a leveraged buyout in 1985, leading three years later to a sale to Sears. Sears sold most of the company to Advance Auto Parts in 1998, and by 2003, the resulting merger had led to the end of the Western Auto brand and its product distribution network.
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